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To answer your question its possible! If you don't use the credit card it is possible that the credit card company will closed your account and for inactivity and this is bad. Here is an excerpt from Phil Turner book The Credit Bible about credit cards and credit score. "Do not close your credit cards accounts - it will affect your credit score. If you already have many credit cards, do not close the accounts because all the damage to your credit score has already been done. Just put the card up and don't use it accept spending small amounts to keep the card active. Credit card companies will close an account if it is inactive with 18 months. Also please note that you want deep credit roots (accounts over 5 years) this will definitely raise your score greatly. So you need old good accounts to get that high score. Reduce the balance of your credit cards to 30% and below of your credit limit. If you have a credit card with a $5,000 limit, your balance reported to the credit bureau should be $1500 and under in order to have an excellent credit score. If you go over this amount it will affect what is called your "utilization rate." Credit score formulas respond favorable to utilization 30% and below. It's a good idea to assess all of your credit cards and align them correctly with this formula. Use the form in the appendix. Please note: if you have an American Express card or card with no preset limits. You will be rated on the highest credit you have charged and the 30% rule still applies. Try using the card to increase your high credit limit by spending more with the card with cash you were already going to use and get that limit up to a ratio that will keep you within 30% of that high credit. This is why if you pay your credit off each month in full will not give you a great credit score." Source: The Credit Bible, Everything you'll Ever Want To Know About Credit.

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Q: Does it hurt your credit score to not use credit cards?
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Will canceling your credit card hurt your credit?

Most likely it will. The credit agencies may not know whether you cancelled your account, or if it was taken away from you by the credit card company. If you are concerned about your credit score, then having 2 to 3 credit cards will generally raise your score, as it demonstrates that each credit card company believes you to be capable of paying their credit card bills. Only use those credit cards enough times a year that they will not be canceled due to non-use.


Does closing cards yourself affect credit score?

Yes, closing old accounts negatively impacts your credit score because it shortens your length of history which makes up 15% of your credit score. Keep you old credit cards open, even if you don't use them.


Do you keep or cancel old credit cards with no balance on them Why?

Keep them. This will raise your credit score. Having an active account that you do not use is an excellent way to raise your credit score.


How does opening new credit cards or lines of credit affect your credit score if you do decide not to use them?

If your combine total credit limit is below 35%, it will help your overall credit score. However, if you own more that 35% of your total credit line, meaning of all of your credit cards, you score will go down. Make sure you keep your line of credit usage below 30% on each card.


Does having more than one credit card improve your credit score or hurt it?

It can improve it since having a high percentage of credit limit can lower the score. Better to split the expenses and use about half of each cards limit and then pay each online ontime in full to improve the score did u know that using a low percentage of credit limit can lower your score? Aim for 50% and pay it all on time.

Related questions

Does a business credit card affect credit score?

All loans and credit cards have an affect on your credit score. Failure to use your credit cards responsibly will reduce your credit score and increase your interest costs.


How do credit cards affect an individuals credit history?

Credit Cards greatly impact a credit score. In fact, 30% of your credit score is determined by how well you use credit cards. (Utilization Rate). You want to keep your Utilization rate at 20% or less of the credit limit.


Will canceling your credit card hurt your credit?

Most likely it will. The credit agencies may not know whether you cancelled your account, or if it was taken away from you by the credit card company. If you are concerned about your credit score, then having 2 to 3 credit cards will generally raise your score, as it demonstrates that each credit card company believes you to be capable of paying their credit card bills. Only use those credit cards enough times a year that they will not be canceled due to non-use.


Does closing cards yourself affect credit score?

Yes, closing old accounts negatively impacts your credit score because it shortens your length of history which makes up 15% of your credit score. Keep you old credit cards open, even if you don't use them.


Do you keep or cancel old credit cards with no balance on them Why?

Keep them. This will raise your credit score. Having an active account that you do not use is an excellent way to raise your credit score.


What is some credit score advice?

Here are some tips to fast fix your credit scores, if you dont have a credit card, get one. Get an installment loan, lower your credit cards and use your cards lightly


What benefits can credit cards offer gives?

It helps your credit score, and has benefits. The more you use a credit card the more benefits and your credit rises. The better the credit score the more likely credit card companies will contact you.


Does having more than one credit card improve your credit score or hurt it?

It can improve it since having a high percentage of credit limit can lower the score. Better to split the expenses and use about half of each cards limit and then pay each online ontime in full to improve the score did u know that using a low percentage of credit limit can lower your score? Aim for 50% and pay it all on time.


How does opening new credit cards or lines of credit affect your credit score if you do decide not to use them?

If your combine total credit limit is below 35%, it will help your overall credit score. However, if you own more that 35% of your total credit line, meaning of all of your credit cards, you score will go down. Make sure you keep your line of credit usage below 30% on each card.


Does canceling a new credit card hurt your credit score?

Canceling your card can hurt your credit score..... SORRY!! You should not cancel even if you intend not to use it. One credit secret is the more available credit not in use the better you look. I.E. percentage of revolving debt compared to available-it helps reduce that and increase your number.


How could one calculate credit score on Privacy Matters online service?

One can use the credit score estimator on the Privacy Matters website to calculate their credit score. Just follow the simple on screen instructions asking how many credit cards, loans etc one has and it will produce a credit score.


Will paying off your credit cards raise your credit score?

things that raise your credit score are , having major cards open more than 3 years, and showing good standing with that creditor. you dont have to use a credit card to show good standing. yes paying off high dept will raise your score. and having too much on your cards even if you pay on time will lower it.